XAUUSD Remains a Sell! USD Rally in Response to Trump’s Victory ~ 90% Rebate Exness Everyday

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XAUUSD Remains a Sell! USD Rally in Response to Trump’s Victory

XAUUSD Analysis

Trump's Victory Sparks a USD Rally

The victory of Donald Trump in the U.S. presidential election has triggered a strengthening rally in the USD. Gold prices fell by more than 3%, reaching a three-week low. The market is now looking ahead to the upcoming Fed interest rate decision, where a 25-basis-point rate cut is expected early Friday.

Bearish Pressure Persists

On the H1 timeframe, the price remains under bearish pressure. Thus, the intraday bias continues to be bearish for today.

Forecast: Weak XAUUSD

Trade Plan:

Sell Area: 2652.52 - 2632.00
Stop Loss: 2681.96
Take Profit 1: 2605.14
Take Profit 2: 2566.82
Take Profit 3: 2528.69